Carnegie’s Yukon Huang appeared on CCTV to talk about the recent downturn of China’s stock market and the controls that regulators put in place to stabilize the market. Huang said that while the controls are currently stabilizing the market, what will happen after the controls are lifted can only be speculated. He characterized the controls as draconian, saying that they are effectively not allowing people to sell shares and only encouraging people to buy shares.
Huang said that in China there is not as much of a division between those who regulate the economy and those who champion economic growth. He concluded that investors should expect higher stock markets in the future.